Timeframe: 4h NSE TATACONSUM has formed a correction on the 4-hour timeframe chart. A closer look at wave A reveals it consists of three distinct waves, indicating it can't be labeled as an impulse. The security has broken below the 50, 100, and 200 EMA, with the Average True Range (ATR) at 15. Currently, the price is developing wave (iv) of wave C within...
Timeframe: Weekly NSE NIFTY began an impulsive move after hitting a low of 15183.4 . Based on the wave count, the price completed wave (5) of wave (3) at 26277.3 and has since started to decline. The price is currently in a wave (4) correction phase. Let’s switch to the daily timeframe for a closer look at the details. Timeframe: Daily On the daily...
XAUUSD has formed a corrective pattern on the hourly chart, offering a potential breakout setup. The correction has spanned over two weeks, during which the price has frequently crossed the EMAs (50/100/200 ) on the hourly timeframe. Meanwhile, the 20 EMA has consistently acted as solid support on the daily timeframe. The pair has completed its final wave 5 of...
Timeframe: 4h (240 min) I have analyzed the wave count by examining a consolidation area with significant trading activity following a sharp decline in USDCHF. Observing the slope of the fall, it appears that this congestion area could represent a correction on the 4-hour timeframe. The wave count indicates that wave B has formed a contracting triangle, with wave...
BTCUSD has formed a corrective pattern on the daily timeframe, identified as a W-X-Y structure with seven distinct waves. The price found support at the 200 EMA, reaching a low of 49,577 before bouncing back. The sub-waves within this structure are clearly visible, with wave (1) and wave (2) completing at 62,729 and 52,546 respectively. Currently, BTCUSD is...
We’ll explore the top 7 option-selling strategies on the NSE (National Stock Exchange) that could help traders target up to 10% monthly returns per Month on their capital. Option selling is an advanced strategy that can generate consistent income, but it’s important to balance high rewards with the right risk management. Whether you are new to options or an...
If today's high doesn't change 22490.80078 then the close Price for today: 22431.5628297807 predicted.
Technically, R 21449 & R 21286, and Support are mentioned in the chart. The bearish sentiment is likely to continue in the short term, with a potential downside towards 21,000 for the Nifty. Sectoral rotation may occur, with defensives like pharma holding up while cyclicals like metals and banks come under pressure. Volatility is expected to remain high...
This Alternate Bearish Bat in the GOLD(XAUUSD) shown chart exemplifies the structure of the pattern. The 0.382 retracement at the midpoint (B) was the indication of an extended 1.13 XA projection as the defining harmonic resistance level 2075 of high. The extreme BC projection effectively complemented the 1.13 XA extension to define the precise area...
The combination has taken place. Wave (C) of ((X)) is unfolding in 5 waves. Wave 2 of (C) is to complete. we are going to ride on wave 3 of (C) Important Key levels: 102.99 99.43 88.5
_____________________1 Hour__________________ The wave C of wave ((4)) is to complete and we are going to ride on an impulsive wave ((5)). One can take safe entry when price breaks parallel channel or Enter at wave 5 of wave (C) As per rule wave, 4 can never overlap the starting point of wave 1 so our SL will be high of wave 1. Note: the retracement of wave...
--------------------------- Timeframe : 8 Hour --------------------------- 1. Bullish scenario : 2. Bearish scenario :
we are looking for lower 5 waves of wave (v) of (((iii)).
GBPUSD chart analysis using Elliott wave.
formation bellow 211.10 is corrective.
USDCAD analysis using Elliott wave principle
We are on the 4th wave of the unfolded triangle. Low is acceptable unless you see levels above 0.7700. the price below 0.7646 indicates that wave c is forming.